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, prepare for merger. a deal takes off between u.s. airways and american. what it means for consumers. troubled waters: insights on cruise stocks following carnival's rocky week. plus, does apple have a trick up its sleeve? traders give us their takes on wristwatch rumors. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look a
. the party secretary said that the test was a self-defense measure against u.s. hostility. he said if u.s. officials continue to increase pressure north koreans will respond with high level counter measures. another official threat is capable of attacking military basis on the u.s. mainland. >>> kim jung one is celebrating his father's birthday. he's ordered the promotion of 48 commanders. kim jong-il would have turned 71 on saturday. kim jong-un promoted officers to the ranks of lieutenant and major general to mark the anniversary. kim said the promotions reflected the spirit of his father. he called the officers loyal warriors and he said they would help north korea achieve what he called final victory. >>> south korean defense ministry officials say they remain on alert for the possibility of another nuclear test by north korea. spokesperson said the north has been preparing for a nuclear test at a tunnel in addition to the western one that was used on tuesday. kim said the entrance of the western tunnel appears to be intact after the underground explosion. he explained no radioactive
. korean workers party secretary said the test was called a self-defense measure against u.s. hostility. he said if u.s. officials continue to increase pressure north koreans will respond with high level counter measures. another official threatening the military is capable of attacking u.s. bases in and around the peninsula and on the u.s. main land. >>> secretary of state john kerry said u.s. officials are not about to back down. they will work together on new sanctions. >> this week's test was an enormously provocative act that warrants a strong, a swift and a credible response from the global community. >> pon encouraged members of the security council to act as one and take appropriate measures as soon as possible. the u.s. already has sanctions on north korea in place. state department spokesperson victoria newland said u.s. officials are now investigating those penalties. but she says they're focused on u.n. sanctions because they think that would send a stronger message. >>> police on the pacific island of guam are investigating what motivated an american man to go on a rampage. the
in the coming months as foreign troops draw dawn u.s. president barack obama announced this week that another 34,000 american service personnel would return home over the next year and surprisingly, for the ultra conservative society, female afghan soldiers will play a key role, filling the vacuum. the afghan army has been training female special forces since 2011. out of the army's 195,000 recruits, more than 1,000 are women. the first females to join a special forces unit says she and her colleagues are up to the task. >> translator: i think women share the same work ethic as men, but women have to use our abilities and work shoulder to shoulder with our brothers. i don't think it's a difficult job. women shouldn't be scared to join the army. >> army night raids are essential to capture insurgents hiding in private homes often alongside women and children. female soldiers are critical to the success of these operations. >> translator: after we finish our clearing duties during night operations, female soldiers can go in and search the women and children, so the young ones don't get too scared.
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online to and you can take clips from the show make your own video, music video, or even a video about me, manny spamboni! now go, so i can watch it! (cackling) we've been walking for a half hour and we only got from the see slide to the... (laughter) you are not you're -- (laughter) nice! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib. tom is off tonight. hungry for a deal, warren buffett partners up to buy up ketchup maker heinz in a $28 billion deal. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and
. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from w
. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to something. >> international investing has had a bad reputation over the last couple of years had a bad experience, people have taken money ou
that includes a billionaire warren buffet. the deal is believed to be the largest in the food industry. u.s. airways and american airlines have announced they are joining forces. the merger creates the world's biggest airline in terms of miles flown by passengers around the world. we have this from new york. >> the courtship is over and now they are making it permanent. u.s. airways announced its merger with american airlines. [applause] it was the closest thing to a marriage ceremony. the u.s. airways to executive counted the benefits of this union. >> these are two highly complementary airlines. the 900 route we fly individually. when you add them up, there are only 12 of them that have overlap. this is really about providing better service to customers. it creates a nice third competitor to the two larger airlines. our view is it increases competition, doesn't decrease competition. >> the deal will save the combines company's $11 billion per year. united shareholders will own 28% of the stock while american shareholders will own the remaining 72%. this deal will help rescue it from bankr
aircrafts group of california high school students is fond of wearing patriotic bandanas and chapting u-s-a. >> mayor bloomberg wants to ban styrofoam. mayor bloomberg, get your hands off my chicken masala. teens have been sleep texting and not remembering what they write which makes sense because i don't remember what i do when i am asleep -- and by asleep, i mean awake. and by don't remember, i mean won't admit to. andy? thanks a lot. >> see you at the half. let's welcome our guests. i am here with author, columnist and fox news contributor gedid ayah billa. bill schultz, you think he's on the face right now. next to me is john gibson, host of the john gibson show on fox news radio, weekdays noon eastern. >> does wearing old glory not hunky dory? a group of students in a basketball game in california were told to stop yelling u-s-a and ordered to remove their american flag bandanas or leave in a matchup. four camarillo students lift and ran back in during half-time, bandanas still on, still chanting. at that point, three were given five-day suspensions and the principal said they were m
more well-established u.s. brands look to do deals with partners in fast-growing emerging markets as a way to spark growth. ruben ramirez, "n.b.r.," new york. >> susie: steve farley is familiar with warren buffett's recipe for success. his new york investment firm, farley capital, has held berkshire hathaway stock for two decades. >> so, steve, we know that warren buffett likes bargains. he's a penny pincher, self-described. and here he's paying a 20% premium for h.j. heinz. are you concerned he's overpaying? >> i'm not. i think first of all, the way buffett, what he is concerned about is the price he's paying for the value he's getting. it's really irrelevant to him what premium he is paying to what price someone else pays a week ago. it's really irrelevant. it's the price he's paying and value es's getting and i think he's getting good value. >> susie: berkshire hathaway stock rose a little on the news. does it make sense to put new money to buy berkshire a shares at $149,000 a share or even the b shares at close to the $100 level, what do you think? >> well, you know, for years
, on this valentine's day. their combination means the field of major u.s. carriers will shrink by one. these jetliners-- sporting shiny new paint jobs-- are among the roughly 900 planes in the american airlines fleet and they're about to be joined by the 622 planes currently flying for u.s. airways. the price tag for the deal: $11 billion. creditors of american's bankrupt parent company a.m.r. will own 72% of the combined airline. the merger affects some 187 million passengers who fly the two airlines annually. >> i grew up on u.s. airways. >> brown: as well as more than 100,000 employees. >> our best goal going forward is to make it the biggest, strongest airline in the country, and i suppose that's about to happen. >> brown: the combined company will keep the american name and headquarters in fort worth, texas. but it is u.s. airways c.e.o. doug parker who will run it. his counterpart-- tom horton at american-- will serve as chairman, but bow out after the transition the two are friends who started their careers together at american three decades ago. >> to run a new airline you nee
for oscar pistorius, who had become one of the biggest names in world sports. >> republicans in the u.s. senate are still blocking the confirmation of chuckhagel -- chuck hagel as defense secretary. >> they say they will eventually approve their colleague, but first, they want more answers from the administration for last year's attack on the u.s. embassy in libya. >> let's get more information on the horse meat scandal in the europe. >> why not? officials have rated a reprocessing plant -- raided a reprocessing plant. >> that came as brussels give the go-ahead for the you-why dna testing on products and friends pointed the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation that horses were in m
-- american airlines and u.s. airways say they want to join forces in creating the biggest airline in the world in terms of passengers. >> that move comes just one year after american airlines filed for bankruptcy. analysts say the merger is likely to trigger more consolidation of airlines in the u.s. >> first, it has to get pass congress, and a leading legislator has already asked if it could hurt consumers by cutting competition pam -- by cutting competition. >> the world largest airline could be created if a merger between u.s. airways and american airlines is approved. u.s. carriers dominate the global airline industry. in 2011, american airlines was in fourth place. u.s. airways in ninth. put together, the companies should have more passengers than delta, putting them in first. the supervisory boards say the deal must also be approved by the bankruptcy court that has been handling the restructuring of american airlines since late 2011. despite a mountain of debt, american airlines has done strong business in recent months, and creditors pledged to stand behind the merger. mean
're going to speak to the top u.s. official at this meeting. ross, back to you. >> steve, good stuff. plenty more to come. let's get more from darah from hsbc. darah, are countries involved in currency wars or is it just the result of central bank policy which they need for their own domestic economy? well, i think actually both, really. but our assessment is that there is evidence of this currency war. the number of players is rising, the number of tools they're using to deliver it is grog. and just the scale of players. you have the japanese yen in the currency in maneuvering position and it's far more significant. there are far bigger players in the fx market than what we've seen in the past. >> you've done this chart. the most active is switzerland and japan. now, swisserland because they have a peg which they're defending. in japan, one could easily argue that their currency was far too overvalued. >> yeah. >> and oversold of their own. >> they don't dispute that. i'm sure it's a starting point when japan began this promise of radical monetary easing. and talking down its currency becau
!." there is a u.s. tour also under way. we are glad you joined us. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hungerwalmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. tavis: this month marks the 50th anniversary of the animals. eric burden's career has continued as a solo artist and with a group war. his latest album is called "til your river runs dry!" >> ♪ mother, tell your children, not to do what i have done ♪ ♪ spend your life in sheer misery, in the house of the rising sun ♪ tavis: does it feel like five decades? >> if i look at some of them. >> you did not like that suit? >> not really. thought was a time. it was so rough doing stuff like that. it was shot at 9:00 in the morning, and it was shot in a pan of vision, and why and blends, you are not ready for that kind of stuff. i was happy without sonders and what abo
information first from the white house about events surrounding the fatal attack on u.s. diplomatic mission in benghazi, libya last september. this is republican senator john cornyn of texas. >> the majority leader knows full well the reason why the debate -- closing off debate was denied was because a reasonable request been made on the site for additional information. i hope and trust it will be provided here in the next few days. and when we come back from the recess, we will have another vote and another opportunity for senators to express themselves. but this is not any attempt to kill this nomination. this is not a filibuster. >> democrats are vowing to revive hagel's nomination following the recess next week. despite republican denials, senate -- bitter majority leader harry reid said the block or isn't it an historic filibuster. >> not a single nominee for secretary of defense ever in history of the country has been filibustered. >> chuck hagel is a former republican senator who is faced criticism for straying from the party line on iran and iraq war and making comments perceived as
to be commander u.s. central command and general david rodriguez u.s. army to be nominated to be commander of the u.s. africa command. these two combatant commands centcom and africom are the centers of gravity for our military's operations to counter the threat of terrorism. oath nominees have served our country with distinction and i want to thank each of you for your decades of military service and your willingness to serve once again. i understand that general austin 's wife charlene and general rodriguez' wife jen air with us this morning and i want to a knowledge them and thank them for their sacrifices, their support to our nominees throughout the years which is so essential to the success of our nominees and as is the committee's tradition are nominees are invited to introduce any family members or friends who may be with them this morning with their opening remarks. if confirmed general austin will assume command of centcom during it critical transition. not for military operations in afghanistan. in the coming months afghan forces will assume the lead responsibility for providing
in maryland or virginia. 270, travel lanes are open. a quiet trip. in frederick there is a closure of u.s. route 40 south of 70. this is near langdon road. there was a crash involving a pickup truck and a car. that is south of interstate 70 on u.s. 340. a good ride on 95. 395, no problems. back to you. >> thank you. we want to update you on a story we brought you yesterday that is continuing to unsold regarding billing pixar oscar pistorius -- th olympie olympics star oscar pistorius. qusseir jummy olabanji. >> we are told that when the judge read the murder charge officially out loud, oscar put his hhead in his hands and began sobbing. his family is there supporting him. and some family members and friends of the victim, 30-year- old reeva steenkamp, a model, his girlfriend. she was shot and killed yesterday in his home. he is charged with her murder. more than 100 people are in the courtroom seats right now including dozens of reporters photographers, and camera people, in south africa. we are expected to get more information with the next hour or so. as soon as we do, we will pass it a
information regarding u.s. consulate attack in benghazi. some say after next week's recess, though, hagel will be ultimately confirmed. >>> during a live streaming google hangout chat thursday president obama defended his administration's use of drones in the war on terror insisting everything the government has done is legal. he did admit the public should know more about how that program works. >> what i think is absolutely true is that it is not sufficient for citizens to just take my word for it that we're doing the right thing. >> a classified memo recently revealed u.s. citizens suspected of terrorism have been targets of drone attacks and strikes. when asked if the u.s. could target americans on american soil, the president said no. >>> olympian oscar pistorius is behind bars. he's accused of shooting his model girlfriend, reeva steenkamp inside his home, a crime prosecutors said was premeditat premeditated. he walked into court with his head bowed and broke down in tears. they have given few details other than she died of multiple gunshot wounds. earlier reports speculated she mig
with the asteroid happens today in the u.s. the asteroid called 2012 da2014 will zoom pass us. that's below the orbit of satellite. the closest approach by a space raublg like that in more than a century. now, it poses no danger to us, but if it fell to earth, it could explode with the force of an atomic bomb. >>> a day's ordeal has finally come to an end for people on board the cruise ship triumph. nbc's mark porter is in mobile where he watched the ship come in. mark. good morning. what have you been hearing from passengers coming off of that ship? >> reporter: well, we're hearing that they're very glad to be on land, mara, as you can imagine. the passengers are all off the ship now. things were pretty quiet here. the ship arrived here about 10:15 eastern time tonight. we knew it was arriving because it was blowing its horns and passengers were cheering from the railing. the carnival ceo went on board to personally apologize to all the passengers. after that, they were allowed to leave. it took several hours for all the hours to get off the ship. some of them were met by friends and relat
to an asteroid passing today. >>> and that close encounter with the asteroid happened today in the u.s. the asteroid called 2012 da2014 will zoom pass us. the closest in more than a century. it poses no danger to us but if it fell toth it could explode with the force of an atomic bomb. >>> a day's onward deal has finally come to an end for people on board the cruise ship triumph. nbc's mark porter is in mobile where he watched the ship come in. mark, what you have been hearing from passengers coming off that ship? >> reporter: well, they've been moving them out. you can see that the triumph is behind me now. thing, relatively quiet here except for the trains that you can hear but a few hours earlier, things were very busy here. the ship docked about 10:15 eastern time. it took about an hour to bring it fully to the dock. the ceo of carnival went aboard to apologize to everyone. it took several hours to get them right off. some came right out here in mobile they were greeted with relatives who took them to area hotels or drove them away. others got aboard buses that took them to new orl
time, bay area. >> thank you. coming up next a first in the u.s.. the governor proves high tech device can treat blindness. >> taking a picture of how much we should reduce salt in diets. >> i'm michael finney. do you own a chrysler? the auto maker announces a recall of popular trucks and suvs. >>> in healthy living news patients who lost sight because of a rare disorder may be able to regain vision using a new implantable device. fda approved first treatment for an inherited disorder that causes a breakdown of cells in the retina. we first told you about the so mÑ the system includes a small video camera and transmitter on a pair of glasses that work in conjunction with an artificial retina. the fda says it will not fully restore vision it should allow them to detect light and dark. >> a study find the u.s. could prevent up to a half million deaths over the u.s. if americans cut their salt intake. institute of medicine recommends most healthy people get 1500 milligramz of sodium per day. average american consumes more like 3600 every day. the study is in the journal hyper teengs a re
test on tuesday. iran turned to china in an effort to find parts to speed up its effort. a new u.s. report shows iran try to smuggle thousands of specialized maintenance through china. it banned from doing so under united nations sanctions. the track star accused of fatally shooting his girlfriend has been accused of murder. he shot his model girlfriend four times through a bathroom door at his home. he will remain in custody until a bail hearing on tuesday. those are your news headlines on the fox business network. back to connell. connell: manufacturing and a manufacturing renaissance. plant closings are still far more frequent than plant openings. jeff flock is in illinois today. jeff: the old harbor of coleman factory here and rockford, this was 65 acres. i just want to put some perspective on this for you. this is one that has been closed now for several years. i tell you, it is not coming back. if you look, they look more closely at the number of plant openings and plant closings. you see that at no time, in the past, well, no time in the past 30 years has the number of plant
. >> and how the merger between american airlines and u.s. airways could affect how much you pay for your next flight. the nightmare cruise for passengers who endured a week on a disabled shi >>> and now at 6:30, it is almost over. the nightmare cruise for passengers who have endured a week adrift on that disabled ship. but even this final day was plagued with problems. passengers had to get by without power, working toilets, little food. but now the cruise ship carnival triumph is just about to arrive in mobile, alabama. cbs reporter randall pinkston in mobile. how soon they expect it to get there, randall? >> reporter: we're expecting the ship to arrive here at the terminal sometime around midnight, possibly a little later than midnight. and then of course, hours for everyone to get off. we're being told by relatives who have been talking to their loved ones on board that the stench is unbearable, the conditions inhuman, but soon the suffering will be over. the broken-down carnival ship triumph is expected to finally dock it evening. >> this is going
by e-mail, it is completely wrong. the u.s. postal service is not the victim of e-mail and text messages. it is the victim of alec and the koch brothers. why, you ask? quite simple, really. the usps is the number one employer of unionized labor in the united states and provides an affordable universal service that a private company could and would charge us all much, much more for. two huge no-nos for the right wing. the reason the right wing crafted the legislation to destroy the postal service. we're joined now by nationally and internationally syndicated radio host the brilliant thom hartmann who wrote an incredible piece about this very subject for truth called the usps media hashtag fail. >> great to be with you. >> john: please complain what the postal accountability enhancement act is and what its effects have been. >> well, you know, there were some reasonable and some good changes in that act which is -- as far as i can tell, how it got out of the house government oversight committee henry waxman and other democrats basically signing of on it. it was passed by a
. in the u.s. military, military, those who wear the uniform, will be protected in the sequester, and they should. there are others that need to be protected. what is the impact of them? and also the future of the country, the ability to -- the middle class. this is where secretary donovan, we want to talk to about housing and the economy. what is it that we need to do? you hold the future of america in your hands. we went to innovate, but first we have to outeducate. we want to hear about the impacts of sequester for educational reform. i believe we will run to view with destiny. we must solve this problem. i do not think the american people quite understand the impacts were sequester mandates and $85 billion cut that is equally shared by defense and by domestics. you are a national security secretary napolitano. layoffs and services not delivered to the american people -- i have to cope with my members here on the issue of the fiscal cliff. also, the issues of implementing homeland security. we want to talk about the impact on these agencies. what about the fbi? what about the
on the u.s. consulate in benghazi last september 11th. >>> well, it may be appropriate timing on this valentine's day. a major corporate marriage made official. american airlines and usairways are now one giant airline. the largest in all the world. it's a deal designed to pull american out of bankruptcy and make it better able to compete in the big leagues. but what does it mean for all us air travelers? our report tonight from nbc's tom costello. >> reporter: since 1934, american airlines has been a corporate icon. helping to build new york's laguardia airport, hiring the first female airline pilot, the first electronic tickets. ♪ something special in the air >> reporter: but after years of struggle, it surrendered to bankruptcy protection in late 2011. today, a lifeline in the form of an $11 billion merger with usairways. >> we will once again be an industry leader, worthy of the name american airlines. america's flag carrier. >> reporter: if approved, the deal would make american the world's largest airline. but after so many mergers in recent years, only four airlines,
questions answered. >> some senators said they want to examine information regarding the u.s. consulate attack in benghazi. majority harry reid plans to bring it up at the end of the month. >>> president obama again defended his administration's use of drones in the wear on terror. he did admit that the public should know about how the program works. >> what i think is absolutely true is that it's not sufficient for citizens to just take my word for it that we're doing the right thing. >> a classified memo recently revealed u.s. citizens suspected of terrorism have been targets of drone strikes. >>> today, a bail hearing for oscar pistorius, the olympic athlete and double amputee charged with murdering his girlfriend inside his upscale south african home, he arrived at court 24 hours after his arrest, he was taken into custody on thursday, after police said that he fatally shot his girlfriend reeva steenkamp four times. >>> police have given few details about the case other than to say that steenkamp died of multiple gunshot wounds. >>> billion-dollar bettor. the former mayor of san die
: the u.s. coast guard with the assistant of the national transportation safety board is leading the u.s. part of the investigation but final decisions about the cause of the blaze and the repairs that are necessary will be made by the bahamas because that's where the ship is registered. carnival is offering $500 cash, a full refund and discounts on future cruises. >> they can have whatever they offering us, they can actually keep it. i'll take it and frame it. >> reporter: some passengers went on buses to texas and louisiana. a bus headed for new orleans broke down. in mobile, alabama i'm randall pinkston kpix 5. >> a wee bit of poetry there. carnival canceled the next 12 cruises. the company commits the ship had mechanical problems weeks before the engine fire. i'm sure a lot of people will be turned off on cruises. >> not just the people on that cruise. people about to take a cruise are thinking, eh, maybe not. make a "stay-cation" is in order or -- >>> i have been on a cruise before. it was fantastic. of course, my ship didn't break down. >> y
, and two, u.s. wholesale gas prices have hit a three month high with several california and chicago refineries closed for maintenance and he is oil closing an east coast refine finery. not good news for drivers. the good news, the u.s. energy department is calling for lower gas prices this summer. then in 2012 it says supplies are stronger this year and carses continue to get better gas mileage, reducing demand which means barring a major hurricane, this summer should not be as bad as last if you don't waste your money. i'm john matarese. >>> the underarmour's first retail store will open this week. you can expect invasion from women's mens, and children's apparel from the newest challenge. footwear dropped in the middle of the star and it says it always puts the charmed city first. >> we wanted to open a store here in baltimore.  here in harbor east, became available and there's a lot of amazing foot traffic and it's become a hub for shopping and we're really proud to be here. >> the batman shirt is cool. the grand opening is tomorrow. >>> if your new new new year's resolution fel
, it was not only meant by the u.s. public health service, coast guard, a few officiaoffic there may be lawyers on board. they have to prove those damages. obviously their trip was interrupted, canceled. they didn't get what they wanted. carnival attempted to give them a full refund of everything they did and what they bought except for the gift shop and the casino and just yesterday they threw in an additional $500 and free cruise ship going ahead. they're trying to do what they can. remember that doing all that actually resulted in chartering 50, 60 buses, one of which broke down in new orleans. it was not a pleasant trip certainly even when they got to shore. >> it certainly added insult to injury with the bus breaking down, peter. do you think this affected the cruise industry? >> carnival took a hit last year with the "costa concordia." carnival is the largest cruise line in the world, 75 ship, many different brands. what you're going to see are serious discounts in the next two to three months. you know what? the cruise ship industry is in harnltly safe. nobody's died on the ship. if you
. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. neil: no sooner had american and u.s. airways announced their merger than rockefeller of pointing on the deal, warning it could hurt consumers, to u.s. airway ceo douglas parker, and amr ceo douglas horton, welcome to you both. mr. parker to you first, on the senator's fears it would hut consumers, what do you say? >> well, we're happy to address the senator's concerns, this merger is great for consumers, we have two complimentary networks over 900 routes served by two airlines only 12 have which overlapped. we putting it two airlines and fly to more places for more people, it will be good for consumers. neil: do you get a sense. address this to you mr. horton, that there is a consolidation going on in the industry. after delta bought northwest, and united and continental, and southwest, and they are 4 super carriers here. so by just the virtue of fewer choices there is a fear that they will get stuck behind the 8-ball, lay the elay them of thr concern. >> i think it enhances competi
in december. several local residents, including a former u.s. senator other people will also be honored. president obama has a number of events planned today theuding a meeting with president of italy's. after noon he will leave the white house for chicago, where his proposals made during the state of the union. he heads to west palm beach, florida, for a weekend friends.ith his >> oscar pistorius appears in court today for the first time since being charged with murder. photographers and supporters police vehicle taking a amputee to a south african court. arrested thursday after he shot and killed his girlfriend, 30-year-old model reeva steenkamp. it's not clear what led to the shooting, but police had received calls in the past about issues and his home. >> the d.c. council will look the police department's handling of sexual assault cases. discuss ambers will by the human rights group. it's a sexual assault victims getting the response they deserve from the police department. there have been several sexual in northeast since august. today the council will also requests toding hire ad
pick have to be global powerhouses? >> no. i think you know what? the story is that the u.s. is doing better than the rest of the world you want to leverage yourself to the u.s. consumer. names like vf corp is one. michael kors is a story that has done well. it is strong. i maybe wait for a pullback. that is another name. autozone is a play on the better economy as consumers repair their cars. visa, for transactions. david: well, michael, like most folks you have mixed feelings about the markets but about where the markets are going for here. explain those mixed feelings. on the one hand there are some very positive signs with consumer sentiment we mentioned. but there are negatives as well. how does it all balance out in the end? >> the market, the trend is your friend, right? so i think the market continues to gradually move higher but it is not without the risk of a pullback. so all those positive catalysts on the one side that mentioned, on the other hand you have washington and what is going on here in our backyard, kind of driving fear. and you also have, i don't think we've see
in the united states. so made in the u.s., sold from the united states. >> that's absolutely correct. we're very pleased. >> jim, thank you very much. good to have you on fox business and markets now. we'll talk to another ceo of another boat company. you probably heard the name, one of the biggest boat companies in the world. dusty mccoy, chairman and ceo of brunswick. they make the sea ray. they target the upper income customer. europe is a big market for them. we'll talk how the europeans are doing and if there is any margin issues there also we'll play with some toys in the next hour of markets now. melissa: look forward to that. cheryl casone, thank you very much. lori: best assignment of the week in miami. thank you, cheryl. it is quarter too as we do every 15 minutes let's check the markets. nicole petallides on floor of the new york stock exchange. >> we're looking here at burger king. shares have been on the rise. they came out with fourth quarter results. they're working on marketing trying to beef it up and move into the second spot in the hamburger world. they're also beefing up the
commander of u.s. forces in iraq general loy austin to lead the command which is responsible for operations of middle east and afghanistan. general austin was joined by u.s. command nominee general david rodriguez who is a top commander in afghanistan from 2007 to 2011. this hearing is chaired by carl levin of michigan. it is two hours. >> good morning everybody and welcome this morning that committee considers the nomination of two very distinguished officers to the two of the most active and challenging combatant commands. general lloyd austin united states army nominated to the commander u.s. central command, and general david rodriquez, u.s. army to be nominated to be commander of the u.s. africa command. fees' to combat and commands, centcom and africom are the centers of gravity for the military's operations to counter the threat of terrorism. both nominees have served the country with distinction, and i want to faint each of you for your decades of military service and a willingness to serve once again. i and stand general austin's life and rodriguez's life are with us this morning.
. john: and the government has to create that. >> and a college score card i that "u.s. news and world report" gave us updates but now the government will do that. and with federal subsidies, more activity and it will cost a lot of money. >> preschool is appealing to people. >> he just wants to give the kids a head start? >> i am highly sympathetic to putting kids in the government hands but headstart has a not a great record spending a billion dollars to get little in terms of results. the government's own study. john: no results one year later. >> gains during the preschool years gone by first grade. and similar bad results socially. john: fewer is riata 10 are enrolled in preschool like it is a problem. >> it is not like the government has done well overall we have tripled spending and scores are flat. we sock at education. john: he says he will not to increase the deficit. >> it is quite remarkable how most of the life of the country the government was less than 5% and only recently it has gone up and now with sequestration to talk about harsh arbitrary cuts which sound terrible. >
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